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In economics the choice to do something is also the choice to not do something else?
Wiki User
∙ 8y ago
Opportunity cost is the choice to do something but choosing that requires you not to something else.
Wiki User
∙ 9y ago
Wiki User
∙ 8y agosecondary effect
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What does put in mean?
To "put in" is to place something in a specified location. This can be to put in your vote (to make your choice), to put in your two-cent's worth (to add your comments to the argument), or just to place something inside of something else ("He opened the garbage can and put in his trash").
What is a word for letting someone else decide something?
There are several words that can be used depending on the context. One can "defer" to someone else's choice or prerogative, or "acquiesce" (accede, concede) to a decision. When a superior gives someone the authority to make decisions, he or she "delegates" that power. An individual can also distance themselves from a decision by someone else, if they "relinquish" or "waive" their right to make a decision. Or they could capitulate (give up).
What is something that in a story stands for a deeper meaning?
Something which stands for something else is a symbol. This includes something in a story which stands for something else, something which may be a deeper meaning. It is not foreshadowing which is a suggestion of future events. Foreshadowing does not stand for something else.
Anything that stands for or represents something else?
Anything that stands for or represents something else
What does outlast mean?
It means to last longer than something or someone else. Also you spelled does wrong.
Is economics the choice to do something is also the choice to do not do something else?
secondary effect
In economics the choice to do something is also the choice to not do something else.?
secondary effect
What term applies to the statement the choice to do something is the choice not to do something else?
Opportunity cost applies to the statement the choice to do something is the choice not to do something else.
What term applies to the statement the choice to do something is the choice to not do something else?
Opportunity cost applies to the statement the choice to do something is the choice not to do something else.
When you die of cancer do you have the choice of been buried?
It is your choice as to what you want to happen to you after you die, so you do have a choice to be buried or to do something else, like cremation.
If choosing something means you give up something else what is the economic term for this?
The economic term for the cost of a choice is the opportunity cost.
Is dog training a good career choice?
if you think dog training is a good career choice, then go for it. but if you want to be something else, go for what you know is best for you.:D
Who created economics?
Mr. Economic Value Who else?
What a good definition for revolve?
Something that circles something else, such as a moon revolving around a planet. Also, something that is dependant upon something else. Such as--> "Her life revolves around her baby."
What is the meaning of better?
The word better is used to describe something that is higher in quality when compared to something else. It also can mean something is more useful for a specific situation than something else.
What is x plus px plus q?
This can also be thought of as: something + something else * something + another thing.
What does a trade off require you do to?
A trade-off requires you to give up one thing in order to get something else. This can happen often in Economics, and the way that the free market works.
